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As one of the most successful private carmakers in China, Geely has been spending heavily to sharpen its competitive edge. Its research and development expenses in 2018 totaled 21 billion yuan, accounting for 6.4 percent of the group's total revenue in that year. Over the past decade, it has invested over 100 billion yuan in research and development. It has also established five major research and development facilities, employing up to 20,000 engineers.

As of Saturday evening, the five people had been pulled from the debris and all of them were confirmed dead.

As high-end intelligent equipment, new generation of information technology, new materials, new energy vehicles and other emerging industries are highly sought after in many parts of the world, regional development of the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta city and Beijing-Tianjin-Hebei city clusters will help create a number of leading cities supported by the agglomeration of industries in surrounding areas.

As of 2018, Beijing had nearly 12,800 financial entities and over 805,600 employees in the industry, according to the Beijing municipal bureau of statistics.

As of November 2019, exports to China from the Northwest Seaport Alliance, a marine cargo operating partnership between the ports of Seattle and Tacoma, plunged 5 percent year-over-year by dollar value, while imports from China dropped 19 percent.